A fixed budget performance report not only compares results, but also indicates if the variances are:.

favorable or unfavorable

Explanation:

The fixed budget performance report is a report that analyzes and compared the actual number with the expected number in terms of performance. It not only compared the results generated from the actual and standard one but also represent whether the variance is favorable or unfavorable

hence, the answer is favorable or unfavorable

answer; ///blank(1) 75%; blank(2) 40%;